Quaint Oak Mortgage Rates, Fees & Info

Allentown, PA

LEI: 549300GMP8EYQD4U6Z40

Tax ID: 38-3799175

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Quaint Oak Mortgage is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Quaint Oak Mortgage has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Allentown, Philadelphia, East Stroudsburg, Reading, and Ocean City among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Quaint Oak Mortgage has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Quaint Oak Mortgage is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.86% 11/17/24
    30 Year Conventional Refi 6.56% 11/17/24
    30 Year Cash-out Refi 6.79% 11/17/24
    30 Year FHA Purchase 7.49% 11/17/24
    30 Year VA Purchase 6.35% 11/17/24
    30 Year USDA Purchase 6.88% 11/17/24
    15 Year Conventional Purchase 5.77% 11/17/24
    15 Year Conventional Refi 5.68% 11/17/24
    15 Year Cash-out Refi 5.68% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Quaint Oak Mortgage Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Quaint Oak Mortgage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    677

    Origination Dollar Volume (All Markets)

    $120,495,000

    Awards

    Quaint Oak Mortgage FHA Loans silver Quaint Oak Mortgage FHA Loans bronze
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 368 $61,430,000 $166,929 $5,623 4.31%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 234 $45,440,000 $194,188 $5,272 4.19%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 38 $6,020,000 $158,421 $6,182 4.33%
    READING, PA (FHA|USDA|VA) 13 $2,425,000 $186,538 $6,214 4.38%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $780,000 $390,000 $4,108 4.25%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $630,000 $157,500 $6,616 4.69%
    Key West, FL (FHA|USDA|VA) 1 $525,000 $525,000 $8,781 4.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,632 4.44%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $410,000 $205,000 $8,436 5.44%
    Outside of Metro Areas 1 $375,000 $375,000 $3,923 5.38%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,665 4.38%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $280,000 $140,000 $5,041 5.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $255,000 $255,000 $7,626 3.75%
    Pottsville, PA (FHA|USDA|VA) 1 $245,000 $245,000 $8,668 3.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,357 3.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $7,108 4.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $4,715 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,333 5.88%
    LEBANON, PA (FHA|USDA|VA) 1 $95,000 $95,000 $5,042 3.75%
    Sunbury, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,017 4.13%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $75,000 $75,000 $5,009 3.75%
    Quaint Oak Mortgage's top markets include Allentown, Philadelphia, East Stroudsburg, Reading, and Ocean City among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Quaint Oak Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NE PA COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 84
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Columbia Bank
    Similarity Rank: 440
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    First Commonwealth Federal Credit Union
    Similarity Rank: 572
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 346 $55,190,000 $159,509 $6,534 4.21%
    Conventional 304 $59,470,000 $195,625 $4,341 4.35%
    VA 16 $3,930,000 $245,625 $7,933 4.44%
    USDA 11 $1,905,000 $173,182 $5,564 4.00%

    For 2019, Quaint Oak Mortgage's most frequently originated type of loan was FHA, with 346 originations. Their 2nd most popular type was Conventional, with 304 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 616 $107,840,000 $175,065 $5,620 4.29%
    Refi 33 $7,505,000 $227,424 $5,218 3.86%
    Cash Out Refi 23 $4,255,000 $185,000 $4,520 4.34%
    Other 3 $595,000 $198,333 $3,878 4.88%
    Home Improvement 2 $300,000 $150,000 $5,331 4.69%

    For 2019, Quaint Oak Mortgage's most frequently cited loan purpose was Home Purchase, with 616 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 660 $117,100,000 $177,424 $5,588 4.29%
    15 Year 12 $2,150,000 $179,167 $4,125 3.64%
    20 Year 3 $625,000 $208,333 $3,781 4.04%
    Other 2 $620,000 $310,000 $5,290 4.06%

    For 2019, Quaint Oak Mortgage's most frequently cited loan duration was 30 Year, with 660 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 578 $102,940,000 $178,097
    $<1k 39 $5,215,000 $133,718
    $2k-3k 36 $6,950,000 $193,056
    $3k-4k 20 $4,470,000 $223,500
    $4k-5k 3 $655,000 $218,333
    $5k+ 1 $265,000 $265,000

    Quaint Oak Mortgage's average total fees were $5,588, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 578 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 353 $60,775,000 $172,167
    3-4% 250 $48,910,000 $195,640
    5-6% 61 $8,685,000 $142,377
    2.5-3% 9 $1,575,000 $175,000
    6-7% 4 $550,000 $137,500

    During 2019, Quaint Oak Mortgage's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 353 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 389 $58,455,000 $150,270 $5,410 4.32%
    $200k-400k 187 $48,075,000 $257,086 $6,586 4.10%
    $100,000 or less 86 $6,810,000 $79,186 $3,928 4.49%
    $400k-600k 13 $5,895,000 $453,462 $5,700 4.13%
    $600k-1MM 2 $1,260,000 $630,000 $6,443 4.00%

    2019 saw Quaint Oak Mortgage place emphasis on $100k-200k loans with 389 originations, totaling $58,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 269 $35,215,000 $130,911 $5,171 4.22%
    $50k-75k 225 $40,805,000 $181,356 $5,789 4.30%
    $100k-150k 70 $17,020,000 $243,143 $6,049 4.26%
    $75k-100k 69 $13,835,000 $200,507 $5,750 4.37%
    $150k-250k 31 $8,855,000 $285,645 $5,757 4.34%
    $250k+ 13 $4,765,000 $366,538 $5,258 4.53%

    Quaint Oak Mortgage lent most frequently to those with incomes in the $50k or less range, with 269 originations. The second most popular income band? $50k-75k, with 225 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $18,820,000 $188,200 $5,184 4.24%
    30-36% 100 $17,400,000 $174,000 $5,507 4.33%
    50-60% 67 $11,075,000 $165,299 $6,397 4.23%
    42% 36 $6,140,000 $170,556 $5,053 4.27%
    44% 36 $6,500,000 $180,556 $5,737 4.25%
    49% 36 $6,370,000 $176,944 $6,059 4.27%
    39% 31 $5,705,000 $184,032 $5,536 4.26%
    43% 30 $5,230,000 $174,333 $5,225 4.27%
    37% 30 $5,280,000 $176,000 $5,508 4.25%
    41% 30 $5,380,000 $179,333 $5,497 4.34%
    38% 27 $4,815,000 $178,333 $5,672 4.42%
    40% 27 $3,725,000 $137,963 $4,456 4.39%
    46% 27 $4,835,000 $179,074 $5,215 4.27%
    36% 22 $4,040,000 $183,636 $5,927 4.21%
    <20% 21 $5,165,000 $245,952 $5,256 4.24%
    47% 21 $4,355,000 $207,381 $6,438 4.20%
    45% 19 $3,575,000 $188,158 $6,049 4.10%
    48% 17 $2,085,000 $122,647 $5,099 4.45%

    Quaint Oak Mortgage lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 543 $99,215,000 $182,716 $5,505 4.27%
    Black 69 $10,685,000 $154,855 $5,841 4.20%
    Not provided 32 $4,930,000 $154,063 $5,573 4.36%
    Asian 20 $3,700,000 $185,000 $5,809 4.23%
    Other Pacific Islander 11 $1,575,000 $143,182 $5,198 4.73%
    Asian Indian 1 $195,000 $195,000 $7,070 4.38%
    American Indian 1 $195,000 $195,000 $7,115 4.13%

    Approval Rates

    Total approvals of all applications
    85.98%

    Quaint Oak Mortgage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.40%

    Quaint Oak Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 677 $120,495,000 $177,984

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 677 $120,495,000 $177,984

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $315,000 $105,000 $3,048 4.29%
    40-60% 21 $3,315,000 $157,857 $3,596 4.07%
    60-80% 89 $16,625,000 $186,798 $4,255 4.58%
    80-100% 557 $98,275,000 $176,436 $5,790 4.24%
    Over 100% 6 $1,540,000 $256,667 $10,920 4.21%
    Under 20% 1 $425,000 $425,000 $4,136 4.38%